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to come up with a deal but with no luck. new mitch mcconnell is negotiating with vice president joe biden. if political leaders can not come up with a plan by midnight tonight tax rates for all americans will increase. >> if there is an ultimate compromise, there will be parts of it i find disgusting and rep hencable which i may have to swallow in the name of finding a compromise. >> reporter: how will this effect you come tomorrow morning? if there is not a deal reach there won't be a drastic change in your next paychecks. if this plays out long-term the average american middle class family stands to lose out on $2,000 to $3,000 over the next year due to the increased taxes. live in washington kyla campbell ktvu channel 2 news. >>> 5:14 meanwhile with all the focus on the fiscal cliff a new bill to prevent the so-called dairy cliff is sitting on the back burner. leaders agreed to a one-year extension of the expiring u.s. farm bill. so far there is no house vote scheduled without passage of the bill milk prices could double next month. estimates are a gallon of milk could go up to $8 a ga
harry reid and mitch mcconnell will be at that meeting scheduled for about seven hours from now. this could be their last chance to find terms they can all agree to. the president and senate got back to work yesterday. the house of representatives just got the call to return sunday night. a vote has been taken by monday or else automatic income tax increase will kick in on tuesday. republican aid say their leaders might now get on board with that. even so there is economic proof that many americans still fear going over the fiscal cliff. i'll have more on that in my next update. live in washington kyla campbell ktvu channel 2 news. >>> analysts say if the country goes over the fiscal shift it could send the economy back if into a recession. >>> secretary of state hillary clinton is expected to return to work next week. a specksman for clinton says she continues to recooperate at home. doctors say clinton contracted a stomach virus earlier this month and became dehydrated and fainted. >>> the sonoma county sheriffs office will continue its search today for a possible plane crash.
Search Results 0 to 1 of about 2